Business Analyst - Life Insurance - Avance Consulting
Business Analyst - Life Insurance Key Responsibilities As a Business Analyst specializing in Life Insurance, you will be responsible for analyzing insurance processes, identifying areas for improvement, and translating business needs into technical requirements. Your main duties will include: Collaborating with business stakeholders to understand their objectives and challenges. Gathering and analyzing data pertaining to life insurance products and policy lifecycle. Developing comprehensive business requirement documents (BRDs) and functional requirement documents (FRDs). Participating in system design, testing, and implementation phases for policy administration systems. Working closely with cross-functional teams to ensure successful project delivery. Required Qualifications To excel in this role, you should possess the following qualifications: 5+ years of proven experience as a Business Analyst, with a minimum of 3 years specifically in the life insurance sector. In-depth knowledge of life insurance products such as Term, Whole Life, ULIP, and Annuities. Demonstrated expertise in policy lifecycle stages including new business, underwriting, claims, and billing processes. Hands-on experience with policy administration systems like Ingenium, LifePro, Oracle OIPA, or DXC. Proficiency in creating BRDs, FRDs, use cases, and user stories. Excellent communication, stakeholder management, and facilitation skills. Preferred familiarity with Agile/Scrum methodology. Technical Skills & Experience The ideal candidate should possess the following technical skills and experience: Strong analytical and problem-solving abilities. Proficiency in data analysis and visualization tools. Knowledge of insurance regulatory frameworks such as NAIC, IRDAI, and HIPAA. Experience with data migration projects and reporting/BI tools. Understanding of automation, digital onboarding, and API integrations within life insurance. Preferred Qualifications While not mandatory, the following qualifications are desirable: Previous exposure to automation tools and technologies within the insurance sector. Familiarity with emerging technologies shaping the insurance industry. Certifications related to business analysis or insurance domains. Employers have access to artificial intelligence language tools (“AI”) that help generate and enhance job descriptions and AI may have been used to create this description. The position description has been reviewed for accuracy and Dice believes it to correctly reflect the job opportunity.